In the year 2001, a man spends 40% of his total income on food. In 2002 his income increases by 40% and his expenditure on food increases by 50% with respect to 2001. In 2003 his income increases by another 25% based on 2002 and his expenditure on food increase by 16.66% based on the expenditure on food in 2001. What percent is his expenditure on food of total income in 2003?
a) 40 %
b) 50 %
c) 10 %
d) 70%
e) None
I think I am making some calculation mistake. Please help.
a) 40 %
b) 50 %
c) 10 %
d) 70%
e) None
I think I am making some calculation mistake. Please help.
